In an internal letter, He Xiaopeng expressed that "the period from 2025 to 2027 marks the elimination round in the automotive industry," indicating a significant shakeup ahead.
He noted that currently only about 40 out of the 300+ start-ups in the Chinese automotive sector are still producing vehicles, foreshadowing a significant consolidation in the industry.
He asserted, "I personally think that there will only be seven major car companies that will exist in the coming 10 years," emphasizing the inevitable survival of only a few players.
He underscored the intense competition by stating, "Competition in 2025 will be fiercer than ever," aligning with expectations for a tightening market in the auto sector.
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